..*sniff sniff*.."Do I kno yuuuo?"
Posted on 02/20/2009 3:23:42 PM PST by Libloather
Barney Frank predicts economic uptick by fall
By Joe Markman
Fri Feb 20, 2009, 02:48 PM EST
SCITUATE - The economy should see positive effects of the president’s stimulus package by the fall, U.S. Rep. Barney Frank, D-Newton, told a town hall-style meeting Thursday night.
In a discussion of the national economy at Scituate High School, Frank compared the stimulus package that President Obama signed into law Tuesday to the New Deal. Frank also said Obama’s $75 billion mortgage relief plan will improve the economic situation by the fall.
Speaking in a packed auditorium, Frank talked about financial regulation, limiting home foreclosures and curbing executive pay for companies that receive government bailout money.
In addition to helping homeowners facing foreclosure, Frank said he supports allowing those who are not in jeopardy of losing their homes to seek lower interest rates.
“You can get a substantial savings,” he said. “That will help people with their homes and also put back money into the economy.”
Frank said the government should turn away from a policy of non-regulation espoused by Republicans and return to regulating the financial industry.
“The average American is justifiably angry at the way the American economy has worked,” he said. “For the free enterprise system to work well, the public sector has to do its part.”
For the better part of three decades, Republicans followed Ronald Reagan’s mantra that “government is the problem,” Frank said, until last fall, when Bush sent advisers up and down Wall Street saying, “We are from the government and we are here to help you.”
Written into the stimulus package is a provision that allows companies who have received bailout money to return it so that they can avoid executive pay limits. Frank said no companies have come forward with a refund.
Either way, his head should be impaled on a pike and placed on the arlington bridge
Thanks for that link (kinda) LOL! Hilarious (gag)!!!
I turned off Talk Radio (Rush included) about the time Giuliani was being lauded as the Republican savior, so I hadn't heard this!
When the riots start this summer, Barney better flee to Europe.
I don’t wanna go there
Barney Frank talking up the economy is like trying to scare a corpse to life.
..*sniff sniff*.."Do I kno yuuuo?"
I predict by this Fall we will be heading toward, if not already in, a depression.
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